Fifth Third Bancorp Raises Quarterly Cash Dividend by 2 Cents, or 6%, to $0.37 per Share
Fifth Third Bancorp has announced cash dividends for its common shares and several series of preferred shares. Common Shares: For the third quarter of 2024, Fifth Third Bancorp (Nasdaq: FITB) declared a cash dividend of $0.37 per common share. This…
Small Business Administration Designates American Lending Center as a 7(a) Loan Program Lender
American Lending Center (ALC) has been officially certified by the U.S. Small Business Administration (SBA) as a participant in the 7(a) Guaranteed Loan Program, recognized as a Non-Federally Regulated Lender (NFRL). “This certification is incredibly exciting for us,” said John…
AM Best Reaffirms Credit Ratings for Saturn Insurance Inc
AM Best has reaffirmed Saturn Insurance Inc.’s Financial Strength Rating of A- (Excellent) and Long-Term Issuer Credit Rating of “a-” (Excellent). Saturn, based in Burlington, VT, is a captive insurer for BP p.l.c. (BP) [NYSE: BP], a leading global energy…
AM Best Reaffirms Credit Ratings for Jupiter Insurance Limited
AM Best has reaffirmed Jupiter Insurance Limited’s Financial Strength Rating of A (Excellent) and Long-Term Issuer Credit Rating of “a” (Excellent). Jupiter Insurance, a captive insurer for BP p.l.c., has a stable outlook for these ratings. The ratings reflect Jupiter’s…
AM Best Reaffirms Credit Ratings for Ecclesiastical Insurance Office plc
AM Best has affirmed Ecclesiastical Insurance Office plc’s (EIO) Financial Strength Rating of A (Excellent) and its Long-Term Issuer Credit Rating of “a” (Excellent). Additionally, the agency has confirmed a Long-Term Issue Credit Rating of “bbb” (Good) on the GBP…
Andrew Barnes Appointed to Lead Military and Veteran Segment at Wells Fargo Commercial Banking
Wells Fargo & Company (NYSE: WFC) has announced the appointment of Andrew Barnes as the inaugural Military and Veteran Segment Leader within its Commercial Banking Diverse Segments team. In this new role, Barnes will focus on supporting veteran-owned and -led…
CloudPay Enhances Payroll Solutions with Workday Integration, Advancing Global Payroll Innovation
CloudPay, a global leader in payroll and payment solutions, has partnered with Workday, Inc. (NASDAQ: WDAY) to introduce the highly anticipated Global Payroll Connect solution. This new offering is set to deliver a seamless, end-to-end payroll experience, ensuring customers benefit…
Banner Bank Appoints Borrecco as Chief Banking Officer, Expanding Leadership Team
Banner Bank has expanded its executive leadership team by appointing Mark Borrecco as Chief Banking Officer. In this role, Borrecco will oversee the Bank’s key business sectors, including commercial, commercial real estate, community banking, and mortgage operations. He will be…
Esker Announced as Finalist in Three Categories for the 2024 SaaS Awards
Esker, a global cloud platform and leader in AI-powered process automation for Finance, Procurement, and Customer Service, announced today that it has been named a finalist in three categories of the 2024 SaaS Awards. The company was recognized for its…
Novatus Global Secures $40 Million Investment from Silversmith Capital Partners
Novatus Global Limited, a leading provider of regulatory technology solutions for global financial institutions, has announced a $40 million investment from Silversmith Capital Partners, a Boston-based growth equity firm. Since its founding in 2019, Novatus has become a trusted partner…
Best’s Market Segment Report: U.S. Workers’ Compensation Insurance Segment Maintains Strong Performance
The U.S. workers’ compensation segment continues to outperform all other lines of business in the property/casualty (P/C) industry, driven by ongoing declines in loss frequency and favorable reserve development, according to a new report from AM Best. The Best’s Market…
AM Best Reaffirms Credit Ratings of China BOCOM Insurance Company Limited
AM Best Reaffirms Credit Ratings of China BOCOM Insurance Company Limited AM Best has reaffirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) for China BOCOM Insurance Company Limited (CBIC) (Hong Kong).…